Stock benchmarks are likely to start November on a positive note on Monday after posting strong gains last month, with quarterly earnings and monthly car sales figures likely to drive sentiment.
Gift Nifty futures were trading at 25,856.5 as of 7:54 AM IST, indicating that the benchmark Nifty 50 will open above Friday’s close of 25,722.1.
The 50-stock index rose 4.5% in October – its best performance since March – and is now 2.1% below its lifetime high of September 2024.
Investor optimism was boosted by stable quarterly figures and renewed purchases by foreign portfolio investors (FPIs).
The FPIs bought Indian shares worth $1.65 billion in October, reversing three months of selling, data from the securities depository showed.
“There are clear signs of earnings recovery now. If buoyant market demand continues, earnings will improve, which in turn will make valuations fair. In such a scenario, FPIs will turn buyers,” said VK Vijayakumar, chief investment strategist at Geojit Investments.
Meanwhile, car companies will be in the spotlight the day after releasing their October sales data this weekend.
“With a strong festive season following the GST (Goods and Services Tax) cut, registrations rose 52% year-on-year for two-wheelers and 15% for passenger cars in October,” Jefferies said.
STOCKS TO WATCH
** FMCG giant Hindustan Unilever has received a tax claim of $226 million from the Indian tax authorities for the financial year 2020-21
** Home service provider Urban Company posts bigger loss for the quarter ending September, even as revenue grows 37%
** RR Kabel reports second-quarter profit increase, boosted by strong demand for its key wire and cable products
Published on November 3, 2025
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